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TX SB1382

Bill

Official Source

Status

Introduced

2/19/2025

Primary Sponsor

Mayes Middleton

Click for details

Origin

Senate

89th Legislature Regular Session

AI Summary

  • Restricts eligibility for permanent school fund bond guarantees to school districts whose outstanding bond debt does not exceed $10,000 per enrolled student

  • Requires the commissioner to deny bond guarantee approval if a district's total outstanding bonds divided by student enrollment exceeds the $10,000 threshold

  • Applies only to bonds issued on or after September 1, 2025; existing guaranteed bonds remain unaffected

  • Effective date is September 1, 2025

Legislative Description

Relating to the eligibility of certain school districts with outstanding debt for the guarantee of a bond by the permanent school fund.

Education

Last Action

Referred to Education K-16

3/6/2025

Committee Referrals

Education K-163/6/2025

Full Bill Text

No bill text available